Current with changes from the 2024 Legislative Session
Section 375.1500 - Sections 375.1500 to 375.1527 apply to life insurance policies, exceptionsSections 375.1500 to 375.1527 apply to all group and individual life insurance policies and certificates except:
(1) Variable life insurance;(2) Individual and group annuity contracts;(3) Credit life insurance;(4) Policies written by a company with less than twenty-five million dollars in annual direct written life insurance premiums;(5) Life insurance policies with no illustrated death benefits on any individual exceeding ten thousand dollars;(6) Life insurance policies containing guaranteed elements exclusively; or(7) Single premium policies.